Housing Market Update Summer is here and the Central Ohio real estate market is the hottest in the country! Homes in Central Ohio continue to sell for record prices and in record time. Despite the large increase in local home sale prices, on average, homes sold in just 14 days last month. Days on market […]
Housing Market Update We are nearing summer and as temperatures continue to rise, so are the local home sale prices! We continue to face an increase in demand and a reduced supply leading to higher and higher home sale prices. In April, the average sale price for Central Ohio homes increased to $291,900, a gain […]
Housing Market Update We are in the midst of Spring, and along with the increased temperatures, we finally have an increase in home inventory! Both January and February saw inventory declines, but there was a 51% increase in homes added to the market in March. Last month, there were 1,000+ more homes added to the […]
Housing Market Update Spring is here, and although more homes are on the market, demand still far exceeds supply, continuing to drive prices up and days on market down! We are starting to see more homes hit the market now that warmer temperatures are upon us, but last month there were 17% fewer listings than […]
Housing Market Update With record low interest rates, many segments of the market experienced a multiple-offer frenzy not seen in the last 15 years or more! Although the first wave of the pandemic caused the housing market to experience a significant slowdown, it bounced back substantially by the end of 2020. However, seller activity lagged […]
Housing Market Update The Central Ohio real estate market remains very competitive as demand continues to outweigh supply! The number of homes and condos listed for sale in September 2020 was 2% higher than in August 2020; however, there were 48.9% fewer homes listed than in September of 2019. Although 3,500 homes were added to […]
Housing Market Update Even with the inventory spike in August, September continues to break home sale records! The number of homes closed during the first three quarters of 2020 is now just 1.3% behind 2019 according to the Columbus REALTORS® Multiple Listing Service. In August, almost 3,400 homes sold, which is 5% more than this […]
Housing Market Update After an abnormal market for the past few months, due to the COVID-19 shut down, there was quite a spike in home sales this August! In July, 3,536 homes sold, which is 12.2% more than in June, and a 6.1% increase from the same time last year. 4,100 homes went into contract […]
Housing Market Update Buyers are flooding the market due to record low interest rates causing real estate sales prices to reach record highs! Not only did prices increase last month, but home sales, contracts, and new listings rose in May 2020. Last month, 2,542 homes were sold, up 11.6% from April. 3,232 homes were added […]
Housing Market Update With low interest rates and inventory, bidding wars and quick sales are keeping real estate sales prices at record highs! Although still ahead of last year for the first four months of the year, April home sales fell 15.1%, and inventory levels dropped 13.3%. With less homes on the market, but still […]
